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Wedding and saving for a mortgage

2

Comments

  • Robin9
    Robin9 Posts: 12,090 Forumite
    First Post First Anniversary Name Dropper
    What savings have you and how much are you saving a month ?

    Are you looking to but a newbuild? If so beaware that whatever date the builder gives you will change and probably more than once.
    Never pay on an estimated bill
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    First Anniversary Name Dropper First Post
    april_hunt wrote: »
    Sorry If my question was unclear! Just wanted to know other peoples opinions and advice on what they know or have done themselves.
    There's always option B.


    We've been together 22 years, and aren't married...
  • pumpkin89
    pumpkin89 Posts: 636 Forumite
    First Anniversary First Post Name Dropper
    There's always option B.

    We've been together 22 years, and aren't married...

    Fair enough, but it only costs about £50 to get married. It's the wedding (i.e. celebration/party) that can be expensive.
  • need_an_answer
    need_an_answer Posts: 2,812 Forumite
    First Anniversary First Post
    pumpkin89 wrote: »
    Fair enough, but it only costs about £50 to get married. It's the wedding (i.e. celebration/party) that can be expensive.
    I think its a little more than that,possibly around the £200 mark for something very basic once fees are also paid,but yes that's the principle,its how you dress it all up that costs the money!
    in S 38 T 2 F 50
    out S 36 T 9 F 24 FF 4

    2017-32 2018 -33 2019 -21 2020 -5 2021 -4 2022
  • SG27
    SG27 Posts: 2,773 Forumite
    We did the 2 together. Saved for a house deposit and had a wedding. The wedding was actually 6 months after we moved in. The wedding cost total around £6500 including honeymoon. We got married at our new local church, the reception was in our new local village hall and honeymoon was a weeks UK holiday. We had 130 day guests and an extra 50 evening guests.

    You can do it much cheaper if you cut the guest list down too. Catering was our biggest expense.
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    First Anniversary Name Dropper First Post
    Increasing your mortgage by £6,500 means an increase in the total repayable over 25 years of over £10,000 (at 4% interest).
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    First Anniversary Name Dropper First Post
    Let me put it another way - every pound that's spent on the wedding instead of going into the house put, so is put on the mortgage instead, actually ends up costing £1.54.

    And that's assuming that the LtV doesn't go into a higher interest rate.

    <edit: A reply's been removed suggesting an extra £10k wasn't that much.>
  • lookstraightahead
    lookstraightahead Posts: 5,540 Forumite
    First Anniversary Name Dropper Combo Breaker First Post
    First marriage £12000 (1994). Very stressful

    Second marriage £2500 (2010). Absolutely perfect.

    I do mean the wedding and the marriage lol
  • lincroft1710
    lincroft1710 Posts: 17,618 Forumite
    Photogenic Name Dropper First Anniversary First Post
    AdrianC wrote: »
    There's always option B.


    We've been together 22 years, and aren't married...

    We're the same, may be 23 yrs as can remember when first started going out but can't remember the year first started living together
    If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales
  • lincroft1710
    lincroft1710 Posts: 17,618 Forumite
    Photogenic Name Dropper First Anniversary First Post
    One of the worst weddings I went to cost about £25K, although that figure did include groom's stag trip abroad.
    If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales
This discussion has been closed.
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